The 350% jump in Base daily transactions came amid a vast reduction in fees following the Dencun upgrade.
Daily transactions on the Coinbase Ethereum layer-2 network Base skyrocketed to a record 2 million on March 16, just a few days after the Dencun upgrade.
Before the upgrade, Base was processing around 440,000 transactions per day. The day after, this climbed to 1.1 million and continued to rise in the days following, hitting 2,064,920 on March 16.
Daily new users on Base also spiked to 666,866 on March 16, a massive 3,200% increase from the average for the days leading up to Dencun.
